Your thread is a massive fail by thee bulls,once again. And shows us a few things, one of which involves seeing things how they like rather than how it is. The delsuion over reality.
It also show what I have been saying, that Investors will be jumping ship soon. Your thread proves this for us Skamy.
Let's have a closer look .
Sales numbers are up from last year by 7%.
But listings are up by 25%.
Massive fail skamy, shows investors are jumping out and sales are not getting over the line like they were a year ago.
Exactly what we told you would happen.
But somehow in your world, these numbers spell good things for Perth even though they spell out the EXACT OPPOSITE of what you would have people believe.
Are you related to Peter Fraser by any chance ?
Top of the morning to ya Ted
Well more good news for Perth homeowners today with RO data showing rises. Employment prospects are looking great, for tradies anyway check out todays Fin review
Quote:
Tradies up after Perth land sale surge Trades people are in hot demand in Perth, as brick-layers and other skilled labourers struggle to keep up with residential construction demand spurred by high vacant land sales.
I think the Perth Bears are in for a bit of a surprise, I don't think any of them have lived through a residential construction boom before.
Definition of a doom and gloomer from 1993 The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
Well more good news for Perth homeowners today with RO data showing rises. Employment prospects are looking great, for tradies anyway check out todays Fin review
I think the Perth Bears are in for a bit of a surprise, I don't think any of them have lived through a residential construction boom before.
We are living through one right now you dolt.
The Perth construction industry has been churning out houses and apartments at capacity for two years now.
The last time Perth builders managed to build more than 2000 houses in a single month was 2006 and in the last two years that has happened three of four times.
What you seem to be really, really struggling to understand is that extra supply does not help your cause.
To help you understand, Ill post (again) a graph showing the relationship between supply, demand and price.
Property acquisition as a topic was almost a national obsession. You couldn't even call it speculation as the buyers all presumed the price of property could only go up. That’s why we use the word obsession. Ordinary people were buying properties for their young children who had not even left school assuming they would not be able to afford property of their own when they left college- Klaus Regling on Ireland. Sound familiar?
The evidence of nearly 40 cycles in house prices for 17 OECD economies since 1970 shows that real house prices typically give up about 70 per cent of their rise in the subsequent fall, and that these falls occur slowly. Morgan Kelly:On the Likely Extent of Falls in Irish House Prices, 2007
Perth up almost 3% in the last month. Very strong start to spring.
Veritas
17 Oct 2014, 12:48 PM
We are living through one right now you dolt.
The Perth construction industry has been churning out houses and apartments at capacity for two years now.
The last time Perth builders managed to build more than 2000 houses in a single month was 2006 and in the last two years that has happened three of four times.
What you seem to be really, really struggling to understand is that extra supply does not help your cause.
To help you understand, Ill post (again) a graph showing the relationship between supply, demand and price.
Get it now?
Ou population has also grown by over 400,000 people since 2006. Of course we will build more house more often.
newjez
17 Oct 2014, 05:32 AM
Did I say Australian?
And according to your mate skamy Perth prices haven't risen since 2007, so its been a pretty good call. Mike is a forum member for sure.
Yes you said Perth property, I will roll out the quotes for you later.
Perth up almost 3% in the last month. Very strong start to spring. Ou population has also grown by over 400,000 people since 2006. Of course we will build more house more often. Yes you said Perth property, I will roll out the quotes for you later.
Ska my is not my mate just another forum member.
Well you do get some things right. Skamy is another forum member.
Do you not think prices not rising since 2007 is a significant reduction in real terms? I do. Glad I'm not earning what I was earning in 2007.
skamy
17 Oct 2014, 12:10 PM
Top of the morning to ya Ted
Well more good news for Perth homeowners today with RO data showing rises. Employment prospects are looking great, for tradies anyway check out todays Fin review
I think the Perth Bears are in for a bit of a surprise, I don't think any of them have lived through a residential construction boom before.
When rp data changes like this, it usually means the demographics of the market are shifting. I expect it will balance within a month. I doubt it is a reflection of spring sales.
The Perth construction industry has been churning out houses and apartments at capacity for two years now.
The last time Perth builders managed to build more than 2000 houses in a single month was 2006 and in the last two years that has happened three of four times.
You live in such denial. Why do you think the Fin Review thinks a Perth trades shortage is news TODAY? It takes a long time for a new house sale to translate into a building project.
For about a year things have been building up but we are now just entering the construction stage of the new home sales boom of a year ago.
Things are getting busy and we will need to import people again so if you were thinking of squeezing the landlord I would get on with it as there will be plenty of people wanting your place in a couple of months.
Definition of a doom and gloomer from 1993 The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
You live in such denial. Why do you think the Fin Review thinks a Perth trades shortage is news TODAY? It takes a long time for a new house sale to translate into a building project.
For about a year things have been building up but we are now just entering the construction stage of the new home sales boom of a year ago.
Things are getting busy and we will need to import people again so if you were thinking of squeezing the landlord I would get on with it as there will be plenty of people wanting your place in a couple of months.
Why do you bother posting here if you are just going to make stuff up to back up your nonsense opinion on everything?
Property acquisition as a topic was almost a national obsession. You couldn't even call it speculation as the buyers all presumed the price of property could only go up. That’s why we use the word obsession. Ordinary people were buying properties for their young children who had not even left school assuming they would not be able to afford property of their own when they left college- Klaus Regling on Ireland. Sound familiar?
The evidence of nearly 40 cycles in house prices for 17 OECD economies since 1970 shows that real house prices typically give up about 70 per cent of their rise in the subsequent fall, and that these falls occur slowly. Morgan Kelly:On the Likely Extent of Falls in Irish House Prices, 2007
Could well be.I'd like to give their model a good testing to work out it's limitations.
No it is a drop in FHB activity after a strong 6 months from them and a return to upgraders buying, I did report this happening in early August/September only for Jimbo to say I was wrong and everythig was in freefall, now it is Jimbo that looks like the fool which is not hard. The data is now reflecting a stronger upgrader market, large increase in median land prices. It is that simple.
No it is a drop in FHB activity after a strong 6 months from them and a return to upgraders buying, I did report this happening in early August/September only for Jimbo to say I was wrong and everythig was in freefall, now it is Jimbo that looks like the fool which is not hard. The data is now reflecting a stronger upgrader market, large increase in median land prices. It is that simple.
40% is a bit of a drop. Explains the 18 months of consistently lackluster sales falling to below the 20 year average.
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